Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT
RISK FACTORS AND MANAGEMENT RISK FACTORS
HEALTH AND SECURITY ӳ
4.1.2.3
DESCRIPTION OF THE RISK ◆
POTENTIAL IMPACTS ON THE GROUP ◆
Damage to the health and security of employees, customers or third‑parties working at Hermès sites, and non‑compliance with the quality and security standards of the products sold, could give rise to litigation and undermine the Group’s reputation.
The Group ensures respect for human rights, fundamental freedoms, health and security of people, whether they are customers, employees, suppliers or subcontractors. The Hermès Group is committed to respecting local regulations in the countries in which it operates. The quality of the products sold and their compliance with the strictest regulations on personal security are priorities for the Group.
IMPACT PROBABILITÉ
RISK MANAGEMENT ◆
The Group’s policy is to integrate health, security and well‑being issues in its operational strategy as a priority, in particular for its manufacturing activities. In accordance with law no. 2017‑399 of 27March 2017 on the duty of care of parent companies and contractors, the Hermès Group has drawn up a vigilance plan. It aims to identify the risks and prevent violations of human rights and fundamental freedoms, the health and security of people and the environment, resulting from its activities, as well as those of its subcontractors or suppliers (see chapter 2 “Corporate social responsibility and non‑financial performance”, § 2.8). Moreover, the Group's industrial department leads a health, security and environment (EHS) network comprising EHS managers from the House’s different métiers . With around 20 members, it meets twice a year to set targets, share results and learn about best practices in each of the métiers . The main initiatives of the House’s various métiers are described in chapter 2. In most cases, they go beyond simple regulatory compliance to achieve true well‑being at work. Each métier has its specific needs as regards working conditions, so it is logical for each one to develop its own arrangements. Assessments of risks at employee workstations are carried out by the occupational health and hygiene division of the Group safety department for the stores and by the métiers for each of the production sites. They are updated annually. In accordance with the development of the health situation, health protocols have been implemented and specific personal protective equipment has been made available to employees to protect the health and security of people. Hermès products are regularly tested throughout the supply and production chains. Tests on finished products are also carried out by independent laboratories in Europe, Asia and the United States, to verify their compliance with the most stringent regulations in force, as well as their security. Monitoring is carried out to analyse permanent changes in regulations and modify product specifications.
4
Note: The mitigation and prevention mechanisms for these risks are addressed specifically in chapter 2.
● Strategy and operations ● Industry
● CSR
● Regulatory compliance
● Finance
2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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